LifeKen buys Pill & Powder

The Hindu Business Line reports that LifeKen is now the largest branded drug chain in Bangalore with its purchase of Pill & Powder’s 11 stores. According to MC Kini, CEO, Co-promoter and Director of Lifetime Healthcare Ltd, the decision to purchase Pill & Powder "… is an important milestone in our journey towards expanding to 200 stores over the next one year and 700 stores in the next three years." The company is yet to decide whether to keep the ‘Pill & Powder’ brand or change it. With the acquisition, the company is expecting its Rs. 18 crore turnover to climb to Rs. 80-100 crore.